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Capital Projects Finance Authority
Student Housing Revenue Bonds
(Capital Projects Loan Program - Florida Universities)
$36,555,000 Series 2000A
$410,000 Taxable Series 2000B
$3,000,000 Series 2000C
On August 31, 2000, the Authority issued its Series 2000A, 2000B and 2000C bonds to finance the acquisition, renovation and equipping of a student housing facility in Orlando, Florida known as Jefferson Commons.
The facility consists of 312 apartment units constructed in 1999. The apartments are divided among 21 three-story buildings built throughout a site of 21.69 acres near the campus of the University of Central Florida.
The bonds are secured by a mortgage on the property and will be payable solely from revenues received from the rental of such apartments. The Bonds carry various fixed rates of interest ranging from 7.75% on the part of the Series 2000A bonds to 11.00% on the Series 2000B bonds. The final maturity on the bonds is 2031.
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